The Christmas lottery this year distributes 2,408 million euros in prizes, a figure higher than in other years, specifically 28 million more than in previous editions. For this, 172 million tenths have been put up for sale. If we start from the fact that the price of each tenth is 20 euros, the global figure reaches 3,440 million euros, of which 70% goes to prizes.
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Administration commissions
At first glance, it may appear that the The remaining 30% is full collection for the State, but it is not entirely true. From this percentage you have to start subtracting some items such as commissions carried by the Lottery administrations for selling tickets and for distributing certain prizes. Specifically, Lottery administrations take 80 cents for every tenth they sell, that is, 4% of 20 euros. In addition, when a prize is collected from the administration that has sold it, the establishment also receives a commission of 2.5% of the prize, as long as the annual amount paid in prizes does not exceed 200,000 euros, or 1.25 % if this amount is exceeded.
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Other income
These commissions that are discounted must be add extra income They usually come from people who never claim their prize. The loss of a tenth, its deterioration or allow a period of three months to collect the prize It implies that the State ends up keeping that amount of money. Every year, SELAE (State Lottery and Betting Society) ends up saving about 50 million euros for any of the reasons described above.
On the other hand, we must add the money that the Treasury collects from the Christmas Lottery prizes. In 2021, the 20% retention of the portion of each award that exceeds the exempt amount of 40,000 euros.
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In 2019, Loterías y Apuestas del Estado reached a profit of 9,257 million euros. Of this amount, 2,906 million euros they were obtained through the sale of the Christmas Lottery. To this figure we must also add the money that the State enters as taxes that it collects from companies dedicated to gambling.
Most of this money is subsequently reinvested in social policies through its incorporation into the revenue chapter of the State budget. In 2019, more than 28 million euros were allocated to social programs.
Reference-www.elperiodico.com